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The European aerospace concern Airbus said it had received all the necessary approvals from the regulators to purchase a controlling stake in the business of the Canadian company Bombardier for the production of the Bombardier C Series aircraft. The companies plan to close the deal on July 1. Under its terms, Airbus will receive a 50.1 percent share of the C Series Aircraft Limited Partnership business for assistance in bundling, selling and marketing airplanes. Airbus should also assist in negotiating with potential Bombardier customers, which will retain a 31 percent stake in the enterprise. A 19% stake will remain with the investment company Investissement Quebec. Bombardier plans this year to double the production of C-Series aircraft compared to 17 aircraft produced last year.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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